Welcome to our dedicated page for Kontoor Brands news (Ticker: KTB), a resource for investors and traders seeking the latest updates and insights on Kontoor Brands stock.
Kontoor Brands, Inc. (NYSE: KTB) is a global lifestyle apparel company known for its iconic brands, Wrangler and Lee. With a focus on superior high-quality products, Kontoor Brands designs, manufactures, and distributes clothing that not only looks good but also fits perfectly. This commitment gives people worldwide the freedom and confidence to express themselves through fashion.
Operating through a combination of owned and leased manufacturing facilities, Kontoor Brands ensures stringent quality control and efficient production processes. The company’s distribution strategy is diverse, encompassing both brick-and-mortar retail locations and dynamic e-commerce platforms.
The financial strength of Kontoor Brands is primarily driven by its Wrangler segment, with a significant portion of its revenue generated from the United States. However, the company also maintains a robust international presence, extending its market reach and consumer base worldwide.
Recent developments include strategic partnerships and innovative product launches under the Wrangler and Lee brands. These initiatives are aimed at expanding market share, enhancing brand loyalty, and meeting the evolving preferences of global consumers.
Kontoor Brands is not just about apparel; it's about crafting a lifestyle. By blending tradition with modern trends, the company continuously adapts to the ever-changing fashion landscape, ensuring relevance and appeal across generations.
For the latest updates and relevant information about Kontoor Brands, including financial performance, new product releases, and corporate announcements, please follow news from credible sources such as the company’s official releases.
Kontoor Brands (NYSE: KTB), a global lifestyle apparel company known for iconic brands Wrangler® and Lee®, has announced the release date for its third quarter 2024 financial results. The results will be disclosed on Thursday, October 31, 2024, at approximately 6:50 a.m. ET. Following the news release, Kontoor management will host a conference call at approximately 8:30 a.m. ET to review the results.
The conference call will be broadcast live and accessible at kontoorbrands.com/investors. For those unable to listen to the live broadcast, an archived version will be available at the same location. Kontoor Brands designs, manufactures, distributes, and licenses high-quality apparel products, focusing on leveraging its global platform, strategic sourcing model, and supply chain to drive brand growth and deliver long-term value for stakeholders.
Coors Banquet and Wrangler have partnered to create Beer Wash Jeans, the first-ever Wrangler denim washed in Coors beer. This collaboration brings together two iconic Western brands, combining Coors Banquet's brewing legacy with Wrangler's classic Cowboy Cut jeans. The -edition jeans feature a unique tag with a Coors Banquet bottle opener and a patch kit for customization.
The partnership aims to celebrate the authentic Western heritage of both brands, with Coors Banquet brewing in Golden, Colorado since 1873 and Wrangler's deep roots in rodeo and cowboy culture. U.S. fans can enter a sweepstakes from Oct. 11-21, 2024, for a chance to win a pair of Beer Wash Jeans at www.beerwashjeans.com.
Lee® and STUTTERHEIM have launched a collaborative rainwear collection that combines Lee's classic workwear designs with STUTTERHEIM's advanced waterproof technology. The collection features reimagined versions of Lee's iconic Storm Rider™ Jacket, Chore Jacket, and Bib Overall, using STUTTERHEIM's waterproof fabrics.
The seven-piece capsule collection includes men's, women's, and unisex styles, along with accessories. Key items are the Storm Rider™ Raincoat, Chore Raincoat, Bib Overall, Bucket Hat, and Backpack Tote. Prices range from $85 to $380.
Available in sizes XS-XL for women and S-XL for men, the collection can be purchased on Lee.com, Stutterheim.com, and in select stores across the US, Europe, and Taiwan.
Wrangler has launched its first apparel collaboration with Grammy-winning country superstar Lainey Wilson for Fall Winter '24. The collection blends Wilson's creative energy with Wrangler's Western heritage, offering a mix of contemporary cowgirl style. Key pieces include:
- Wilson's signature bell bottom jeans with patchwork and embellishments
- Trucker jackets and flares in 'storyteller' denim with illustrations from Wilson's life
- A striped 'Rodeo Ben' sherpa coat inspired by Wrangler's archives
- Western shirts with unique prints and details
- A new 'boot hugger' jeans fit
The collection also features personal touches like Wilson's family farm name and song references. Some items are available in girls' sizes. Prices range from $40 to $150, available on Wrangler.com and select retailers.
Wrangler®, the iconic denim brand, is launching its first new global advertising campaign since 2021, titled 'Good Mornings Make for Better Days'. Directed by Emmy-winning Jake Scott, the campaign celebrates early risers who start their day with optimism and readiness. The ad will debut on September 15 during NBC Sunday Night Football and will be featured across TV, streaming video, social media, and audio platforms.
The campaign, created in-house by Wrangler's marketing team, builds on the brand's 'For the Ride of Life' series. It showcases a diverse cast wearing both vintage and new Wrangler styles, set in a traditional American diner. The soundtrack revives the 1970s hit 'Jeans On' by David Dundas. This global campaign marks Wrangler's return to national broadcast and will be seen across North America and key European markets.
Wrangler® has launched a new western dress shirt collection in collaboration with country music star Cody Johnson. The collection combines Wrangler's iconic western denim expertise with Johnson's unique perspective as a cowboy and performer. Johnson worked closely with Wrangler's design team to select fabric, pattern, and functional details. The shirts feature a classic, tailored fit with hidden button-down collars, signature CoJo details, and versatile styling options.
Priced at $59.99, the collection is available on Wrangler.com and select retailers nationwide. This partnership strengthens Wrangler's position in the country music space, adding to collaborations with artists like Lainey Wilson and Jon Pardi. The Wrangler x Cody Johnson line is set to expand in Fall 2025 with jeans and snap shirts.
Wrangler® has launched Bespoke, a new women's denim collection designed by an all-female team. The line introduces innovative fit technology to address common challenges in finding the perfect fit. Key features include:
- A four-piece contour waistband to reduce waistline gaps
- Yoke-over-body construction and angled back pockets for curve enhancement
- High-quality stretch denim for comfort and shape retention
The collection offers three cuts - bootcut, skinny, and flare - in sizes 25-34, retailing at $69.99. The campaign features diverse Wrangler female employees, emphasizing inclusivity and body positivity. Bespoke is available on Wrangler.com and select retailers nationwide.
Wrangler®, the global denim brand, has announced a collaboration with Mattel Inc.'s Hot Wheels™ to launch a new streetwear-inspired apparel collection. This nostalgia-driven collection includes bold denim, jackets, coveralls, and graphic tees in coordinating youth and adult styles, along with a -edition Wrangler branded miniature die-cast '85 Ford Bronco.
The collaboration aims to honor the generational legacy of these two American icons, inspiring new generations to embrace adventure and motorsport culture. The collection features motorsport-inspired designs on classic denim pieces and colorful tees, showcasing the rich history of both brands. Available for purchase online at Wrangler.com and in selected stores globally, prices for the Wrangler x Hot Wheels collection range from $30 to $150.
Kontoor Brands (NYSE: KTB) reported its second quarter 2024 results, with revenue of $607 million, a 1% decrease year-over-year.
Gross margin increased to 44.7% (reported) and 45.2% (adjusted), a 420 basis point increase. Adjusted EPS rose by 27% to $0.98. Inventory decreased by 22% year-over-year.
For the full year 2024, the company expects revenue between $2.57-$2.63 billion, with adjusted EPS around $4.80, an 8% increase year-over-year. The company also expects cash flow from operations to exceed $350 million.
Other key highlights include a $25 million share repurchase and a $25 million voluntary term loan payment. The board declared a quarterly cash dividend of $0.50 per share. The company holds $224 million in cash and has $750 million in long-term debt.
Kontoor Brands (NYSE: KTB), the global lifestyle apparel company behind iconic brands Wrangler® and Lee®, has announced a quarterly cash dividend of $0.50 per share of common stock. The dividend will be payable on September 20, 2024, to shareholders of record at the close of business on September 10, 2024.
Kontoor Brands designs, manufactures, distributes, and licenses high-quality apparel products worldwide. The company focuses on leveraging its global platform, strategic sourcing model, and supply chain to drive brand growth and deliver long-term value for stakeholders.
FAQ
What is the current stock price of Kontoor Brands (KTB)?
What is the market cap of Kontoor Brands (KTB)?
What are the primary brands under Kontoor Brands, Inc.?
Where does Kontoor Brands generate most of its revenue?
How does Kontoor Brands distribute its products?
What segment contributes the most to Kontoor Brands' revenue?
Does Kontoor Brands have an international presence?
What is Kontoor Brands' approach to manufacturing?
How does Kontoor Brands ensure product quality?
What recent initiatives has Kontoor Brands undertaken?
How does Kontoor Brands stay relevant in the fashion industry?
What is the mission of Kontoor Brands?
